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It appears that Donald Trump successfully lost $915 million in 1995. We say "successfully" because it allowed him to avoid paying federal income taxes for up to 18 years (at $50 million per year) and it may not have cost him a cent.
How does one lose close to a billion dollars in one year? With the help of accountants.
A Billion Dollars
THE TRUMP ORGANIZATION
The New York Times report that Donald Trump took a tax loss of $916 million dollars in 1995 would seem to indicate that his company fell on hard times that year, right? You'd think it suffered major losses, wouldn't you?
Well, it didn't happen.read more

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